The US is losing the ’tech cold war,’ warns Ripple co-founder By Cointelegraph

The US is losing the ’tech cold war,’ warns Ripple

The US is losing the ’tech cold war,’ warns Ripple co-founder

The United States is losing the “technological cold war” to China due to its tough regulatory approach to blockchain and cryptocurrency-related companies, a senior executive at believes.

In an opinion article for The Hill on Aug. 21, Chris Larsen, co-founder and chairman at major crypto payments firm Ripple, said that China’s digital currency leadership is a “once-in-a-century opportunity” to replace the U.S. dollar with the digital yuan as the world’s reserve currency.

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